Bitcoin Falls Ahead Of Jobs Report; Ethereum, XRP, Dogecoin Also Retreat: Analyst Says BTC’s Rebound Above This Level Would Mark End Of Correction
Leading cryptocurrencies fell alongside stocks on Monday, as investors prepare to analyze critical employment data.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -2.92% | $86,052.02 |
| Ethereum (CRYPTO: ETH) |
-3.81% | $2,958.27 |
| XRP (CRYPTO: XRP) | -4.89% | $1.88 |
| Solana (CRYPTO: SOL) | -2.99% | $126.17 |
| Dogecoin (CRYPTO: DOGE) | -4.15% | $0.1294 |
Crypto Market Falls Further
Bitcoin extended its losses, diving below $86,000 early afternoon. The decline spilled over to the broader market, dragging Ethereum below the key $3,000 mark as well.
XRP and Dogecoin were down more than 4% as of this writing.
Shares of cryptocurrency-linked stocks Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed down 8.14% and 6.37%, respectively, during the regular trading session.
Benzinga Edge delivers real-time stock alerts, trade ideas, and professional investing tools to help you navigate the market. Find out more about MSTR and COIN here.
Over $600 million was liquidated from the cryptocurrency market over the last 24 hours, according to Coinglass, including $505 million in bullish long bets.
Bitcoin’s open interest fell 1.88% in the last 24 hours, and more than 35% since the leading cryptocurrency’s all-time highs in October.
The “Extreme Fear” sentiment persisted in the market, …
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